Los Angeles – WESTMAC Commercial Brokerage Company has arranged the sale of 8330 Beverly Boulevard in Los Angeles, California for $8,500,000.
An investor has purchased the 15,645 square foot two story multi-tenant retail/office building from a private seller. The building sits on 11,390 square feet of land om a high visibility corner location in Los Angeles’ Beverly Grove neighborhood. The first floor is leased to a mix of retail tenants, including I. Martin Bicycles. The second-floor creative offices were vacant at the time of sale. The second-floor feature high ceilings, skylights, plenty of windows, and a flexible floor plan.
The property sold on December 21, 2021.
T.C. Macker, CCIM, William B. Althouse and Jennifer Moscoso of WESTMAC Commercial Brokerage Company were the brokers on this transaction.
WESTMAC Commercial Brokerage Company has arranged the sale of 8756 Holloway Drive in West Hollywood, California for $4,495,000.
The sale was comprised of a three-level boutique office building totaling approximately 3,000 square feet situated on approximately 1,313 square feet of land. The property is located mid-block just south of Sunset Boulevard, an infamous hub for retail, nightclubs, and iconic entertainment venues that make up the World-Famous Sunset Strip.
The new owner plans to use the building for her business. The property was delivered vacant at the close of escrow.
“Although the building garnered multiple offers, we are thrilled that we were able to achieve $1,498 per square foot in West Hollywood despite a global pandemic,” said T.C. Macker, CCIM.
T.C. Macker, CCIM, William B. Althouse, and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Jason Froehlich of Douglas Elliman Commercial represented the Buyer. This is the second sale of 8756 Holloway Drive for the team at WESTMAC Commercial Brokerage Company.
TWO GENERATIONAL ASSETS | 6,622 SF ON 9,458 LOT | WEST HOLLYWOOD, CA
WESTMAC Commercial Brokerage Company is pleased to present the rare opportunity to acquire a 100% fee simple interest in 7990 & 7998 Santa Monica Boulevard (“the Offering”), two vacant legacy properties comprised of approximately 6,622 square feet of buildings on approximately 9,458 square feet of land in the epicenter of West Hollywood, California. On the market for the ﬁrst time in approximately 50 years, both assets feature high ceilings with abundant light, ﬂexible ﬂoor plans, and high visibility along major Santa Monica Boulevard.
The Offering consists of two (2) properties: 7990 Santa Monica Boulevard, a ± 1,740 square foot retail building featuring vaulted ceilings and ﬂexible ﬂoor plan; and 7998 Santa Monica Boulevard, a ± 4,882 square foot retail/creative office building with high ceilings, ﬂoating mezzanine, rear parking lot, rooftop billboard, and coveted corner lot location along major Santa Monica Boulevard. Both properties are vacant. They are located one block east of Crescent Heights Boulevard on the south side of Santa Monica Boulevard, at the center of a broad range of retail and office amenities that make up the highly traveled, popular Santa Monica Boulevard district. The immediate area is surrounded by affluent neighborhoods, highly sought-after boutique shopping, and some of the most desirable entertainment destinations in the world.
7990 & 7998 Santa Monica Boulevard is a unique opportunity for buyers to acquire two (2) ﬂagship creative office/retail buildings in one of the hottest tenant submarkets in the nation. This is a great ﬁt for an investor seeking immediate upside potential through the lease-up of the vacant buildings, or for an innovative owner user looking for a self-isolated environment or headquarters that can be transformed to adapt to an evolving climate amongst COVID-19.
Download Offering Memorandum here | Go to listing page here
12000-12008 Aviation Boulevard in Los Angeles, a commercial property near LAX, has sold for $13,400,000.
12000-12008 Aviation Boulevard is a multi-story R&D building comprised of approximately 49,632-square feet on approximately 61,420-square feet of land. The building was fully leased at the time of sale to one tenant, Trident Dental Laboratories, a manufacturer of dental products. The area is home to several leading aerospace, and research and manufacturing companies, including Boeing, Northrop Grumman, Aerospace Corporation, and Raytheon.
“Through our broad marketing process, we received multiple offers and ultimately selected the perfect buyer in a 1031-Exchange.”,” said T.C. Macker, CCIM. The buyer purchased the building as an investment. The seller will be pursuing other investment opportunities in a 1031-Exchange.
T.C. Macker, CCIM, William B. Althouse and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.
12000-12008 Aviation Boulevard is a three-story Office/R&D building comprised of one ± 49,632-square foot building situated on ± 61,471-square feet of land. The property is located along Aviation Boulevard between 120th Street and 122nd Street in the City of Los Angeles, on the border of El Segundo and Hawthorne. The building can be leased to three different tenants, but is currently occupied by a single tenant. The owner of the building ran and operated his business, Trident Dental Laboratories, at the building for 15-years before selling in 2018 to National Dentex Corporation. As part of the sale of the business, National Dentex Corporation signed a two year lease with one option period for three years.
Los Angeles – Coldwell Banker Commercial WESTMAC has closed on an off-market sale of 8213-8223 W. 3rd Street. The deal was between private family trusts and comprised of two joint retail buildings purchased at $9,600,000.
Built in 1988, the 7,237-square foot trophy property houses Toast Bakery Café among other retailers, and sits at the corner of S. Harper Avenue and W. 3rd Street in L.A.’s trendy Beverly Grove neighborhood. The lot totals approximately 9,780-sqaure feet, which is conveniently located ½-mile between several of the city’s popular tourist destinations – The Grove, the Original Farmers Market, and the Beverly Center in adjoining Beverly Hills.
“The seller was able to achieve a high price per square foot at $1,326.” T.C. Macker, CCIM said. “Properties are hard to come by on 3rd Street.”
T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. William B. Althouse of Coldwell Banker Commercial WESTMAC represented the seller.